Stock Tips and Nifty Tips 10/11/2014

NIFTY OUTLOOK FOR 10/11/2014

BULLS SEE A WEEKLY CLOSE ABOVE 8311 AT 8337,

BUT NIFTY FORMED SMALL DOJI IN WEEKLY CHART

A SIGN OF TREND REVERSAL,

THIS WILL CONFIRMED BY FOLLOW UP RED

CANDLE IN THE NEXT WEEK,

NOW THE WEEKLY PIVOT PLACED AT 8311,

SO ABOVE 8355 BULLS CAN MOVE TOWARD 8488 AND 8577,

BUT IT LOOKS LIKES NIFTY MAKING

DOUBLE TOP PATTERN IN DAILY CHARTS, AND THE PRICE

GETTING DIVERGENCE WITH MOMENTUM,

AND AT ANY TIME BIG FALL ON THE CARD,

BEARS ARE WAITING BELOW 8266 AND

ANY CLOSE BELOW 8266 WILL BRING BREATH TO BEARS,

AS POSTED HERE,

NIFTY RALLIED FROM 4531 TO 8365,

SO GOOD CORRECTION NEED FOR NIFTY

TO MAKE TOUR TOWARDS 10000.

THIS CORRECTION MAY STARTED FROM 21/09/2014,

ABOVE CORRECTION MAY COMPLETE BEFORE 31/03/2015,

AS PER TECHNICAL,

NOW THE WEEKLY PIVOT IS 8311,

ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,

BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

Sell Bata with a stop loss of Rs 1260: Sandeep Wagle

"Bata is a 'SELL' call with a target of Rs 1206 and a stop loss of Rs 1260."

Buy Colgate Palmolive with a target of Rs 1810: Sandeep Wagle

"Colgate Palmolive is a 'BUY' call with a target of Rs 1810 and a stop loss of Rs 1750."

Buy Prakash Industries with a target of Rs 72: Prakash Gaba

"Prakash Industries is a 'BUY' call with a target of Rs 70-72 and a stop loss of Rs 59-60."

Buy Mastek with a target of Rs 305: Prakash Gaba

"Mastek is a 'BUY' call with a target of Rs 305 and a stop loss of Rs 266."

Sell Crompton Greaves with a stop loss of Rs 190: Sandeep Wagle

"Crompton Greaves is a 'SELL' call with a target of Rs 181 and a stop loss of Rs 190."

Posted in: Indian Market Tips